Short Interest in Oklo Inc. (NYSE:OKLO) Declines By 20.6%

Oklo Inc. (NYSE:OKLO) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 12,620,000 shares, a decrease of 20.6% from the November 15th total of 15,890,000 shares. Currently, 17.5% of the shares of the company are short sold. Based on an average trading volume of 15,520,000 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Oklo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Portland Investment Counsel Inc. purchased a new position in shares of Oklo in the 3rd quarter valued at $6,493,000. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo during the third quarter worth about $19,753,000. DRW Securities LLC purchased a new stake in shares of Oklo in the third quarter worth about $404,000. Atom Investors LP purchased a new stake in shares of Oklo in the third quarter worth about $657,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Oklo during the 3rd quarter valued at about $1,023,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Performance

Shares of OKLO traded up $0.16 on Friday, hitting $18.53. 5,308,304 shares of the stock traded hands, compared to its average volume of 5,834,495. The stock’s 50 day moving average is $19.74 and its two-hundred day moving average is $12.14. Oklo has a 1 year low of $5.35 and a 1 year high of $28.12.

Analysts Set New Price Targets

A number of research firms recently issued reports on OKLO. Citigroup lowered their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Finally, B. Riley started coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.